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“Molecules of Economics” 8:16 PM 15 AUG 2020. Hi Professor Wolff!

 

Beirut Harbor blows up, and the explosion wipes out capitalism in the neighborhood. A free economy rises from the rubble, and I'm curious how long it takes the molecules of capitalism to drift back in, alight, and take root.

 

I'm piecing together a theory of The Future, from which the peoples there view our current events as memories coming from Their History or from Their Past.

 

How will their historians look back at you and at me and to our efforts to shape The Future? I see the molecules of capitalism as ambient slavery, taxation, and predatory lending, do you?

 

I'm thinking of the ideas you express over the radio as the molecules of a new economy and am having trouble with their precise structure, and for that matter, the economy of all I do at taxi1010.com which to date has no clear route to being other than completely free, which is clearly the realm of a well-meaning child.

 

Best always,
Richard

 

Richard Wolff 8:11 AM ==>

 

Dear Richard Ames Hart,

 

Thanks for your email; it is intriguing. I like your idea of ambient molecules and likewise your wondering how future historians will account for today's crazinesses. History is as it always has been our best guide.

 

Here is a key molecule for a genuinely free economy in the future: organization of enterprises doing the production of goods and services (workshops, factories, offices, stores): each enterprise comprises a work community (as distinguished from a residential community). Both communities are organized democratically: one person, one vote. Major production and distribution decisions are made by all enterprise members democratically. These include hiring, firing, growing, choice of what, how and where to produce/distribute and what to do with net revenues/surpluses. On the basis of such a worker coop enterprise system, an economy and society can be built that avoids most of today's capitalist crises - although it will have its own contradictions and thus its own movement through time.

 

Hope this is of some interest.

 

Richard Wolff

 

 

{erspma; is not a typo: visit c-socket.com. Feel free to plug in. RichardRoe “@” aol.com.